Company Valuation: Danone

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 35,530 30,830 37,646 41,915 49,156 41,621 - -
Change - -13.23% 22.11% 11.34% 17.28% -15.33% - -
Enterprise Value (EV) 1 46,030 40,937 47,867 50,516 57,587 50,403 49,530 49,100
Change - -11.06% 16.93% 5.53% 14% -12.47% -1.73% -0.87%
P/E 18.6x 33.3x 45.1x 20.8x 27.2x 17.2x 15.7x 14.7x
PBR 2.02x 1.76x 2.33x 2.59x 2.93x 2.34x 2.21x 2.1x
PEG - -0.7x -3.7x 0x -2.75x 0.5x 1.65x 2.17x
Capitalization / Revenue 1.46x 1.11x 1.36x 1.53x 1.8x 1.48x 1.41x 1.36x
EV / Revenue 1.9x 1.48x 1.73x 1.85x 2.11x 1.79x 1.68x 1.6x
EV / EBITDA 10x 7.81x 9.4x 10.7x 11.5x 10.1x 9.38x 8.86x
EV / EBIT 13.8x 12.1x 13.8x 14.2x 15.7x 13.1x 12.1x 11.4x
EV / FCF 18.9x 19.6x 18.2x 16.8x 20.6x 20.4x 17.4x 16.5x
FCF Yield 5.28% 5.11% 5.5% 5.94% 4.86% 4.9% 5.74% 6.07%
Dividend per Share 2 1.94 2 2.1 2.15 2.25 2.353 2.497 2.664
Rate of return 3.55% 4.06% 3.58% 3.3% 2.93% 3.64% 3.86% 4.12%
EPS 2 2.94 1.48 1.3 3.13 2.82 3.763 4.12 4.4
Distribution rate 66% 135% 162% 68.7% 79.8% 62.5% 60.6% 60.5%
Net sales 1 24,281 27,661 27,619 27,376 27,283 28,194 29,482 30,611
EBITDA 1 4,602 5,240 5,092 4,726 5,020 4,991 5,279 5,545
EBIT 1 3,337 3,377 3,481 3,558 3,665 3,838 4,093 4,321
Net income 1 1,924 959 881 2,021 1,825 2,358 2,594 2,769
Net Debt 1 10,500 10,107 10,221 8,601 8,431 8,782 7,909 7,479
Reference price 2 54.59 49.23 58.68 65.12 76.78 64.70 64.70 64.70
Nbr of stocks (in thousands) 650,849 626,246 641,543 643,653 640,218 643,298 - -
Announcement Date 23/02/22 22/02/23 22/02/24 26/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
17.47x1.81x10.23x3.58% 49.26B
20.75x2.86x14.24x3.93% 255B
20.06x2.52x14.99x3.27% 80.42B
14.83x0.53x9.71x2.6% 38.6B
22.44x3.39x13.71x3.12% 37.24B
37.36x3.22x18.62x0.97% 32.44B
-105.54x1.88x9.37x6.46% 29.4B
67.22x10.32x42.79x1.13% 29.34B
11.54x0.38x8.6x2.54% 21.76B
Average 11.79x 2.99x 15.81x 3.07% 63.72B
Weighted average by Cap. 16.57x 2.86x 14.91x 3.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield